The Stainless Monthly Metals Index (MMI) followed last month’s six-point increase with a 16-point jump this month. Once again, the index surge came as a result of strong nickel price gains, even though a slim majority of global prices in the index declined (albeit mildly compared to nickel price increases). Need buying strategies for steel? […]
Category: Metal Prices
Week in Review: MMIs, U.S. Steel Production and China’s Manufacturing Slowdown
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. MMI week continued with coverage on the following indexes: Rare […]
This Morning in Metals: China Exempts U.S. Soybeans, Pork from Tariffs
This morning in metals news, China spared U.S. soybeans and pork imports from tariffs, copper prices gained on the current tenor of trade news and Chinese iron ore rose to a five-week high. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Exempts Pork, Soybeans from Tariffs China announced it […]
Aluminum MMI: Global Demand Weakness Leads to Index Decline
The Aluminum Monthly Metals Index (MMI) dropped again this month, falling by one point to 83. All but one of the prices tracked for the index dropped this month, with India’s primary cash price showing the biggest drop at 4.4%, followed by the LME primary 3-month price (down by 3.4%). Lower your aluminum spend – […]
Raw Steels MMI: Sluggish August Demand Hits Index
The Raw Steels Monthly Metals Index (MMI) dropped more significantly compared to last month’s one-point decline, this month falling by four points to 70. Global prices looked weak overall; however, U.S. futures spot prices increased, along with U.S. shredded scrap prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. […]
This Morning in Metals: China Announces Tariff Exemptions for Some U.S. Goods
This morning in metals news, China announced some U.S. goods would be exempted from tariffs, steel production is down in the Great Lakes region and copper falls amid declining Chinese auto sales. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Announces Tariff Exemptions The Chinese government announced Wednesday that […]
Hot Off the Press — MetalMiner’s 2020 Annual Metal Outlook!
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Renewables MMI: Cobalt Prices Gain Upward Momentum
The Renewables Monthly Metals Index (MMI) dropped two points for a September MMI value of 99. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook First Cobalt Eyes Restart of Canadian Refinery First Cobalt Corp., a Toronto-based firm, is looking into restarting its idled cobalt refinery in Canada, Reuters reported. First Cobalt […]
Global Precious MMI: Index Rises Four Points as Platinum Gains Momentum
The Global Precious Monthly Metals Index (MMI) gained four points this month, rising for a September MMI reading of 106. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Gold Market Subdued in India MetalMiner’s Sohrab Darabshaw delved into the Indian gold market ahead of the festival season in the country, which […]
Rare Earths MMI: Pentagon Explores Possible Rare Earths Plant in Australia
The Rare Earths Monthly Metals Index (MMI) held flat this month, checking at an MMI value of 22. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Looks to Australia for Rare Earths China’s dominance of the global rare earths market is well-documented, a fact the U.S. defense sector has grappled […]
